This is when traders can expect Cardano to begin its breakthrough, according to crypto analyst Benjamin Cowen

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Widely followed crypto market analyst Benjamin Cowen charts a potential path for Cardano (ADA) to reach new heights.

In a new video, Cowen tells his 561,000 YouTube subscribers that he expected a sideways lull in the market after ADA hit $ 2.50 from its 2020 low of just $ 0.02.

That’s sort of what we assumed was going to happen with ADA after a crazy climb. And the idea that the cycle will take even longer, [it] makes sense to have a long consolidation phase. You don’t go from $ 0.02 to $ 2.00 and continue higher, typically, without proving to the market that $ 2.00 can be held.

As for the start of the next breakout, Cowan expects Cardano to make his entrance between mid-November and mid-March.

When I think about how long this long phase of re-accumulation could last, if I were to speculate in a questionable way, I would say that the shift to a new paradigm shift in what it means to hold 1 ADA would probably start somewhere in this region. Somewhere between mid-November and mid-March.

Before the ADA can perform another rally, Cowen points out that Bitcoin (BTC) must continue to hold the line on the 20-week moving average. He speculates that November could be the month Cardano breaks out.

If you look at what happened last year, ADA broke away from the bull market support band from mid-November to the end of November. moving average, so maybe mid-November is the earliest time we might see a rally happen.

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